Exploration & Production | Deals - Acquisition, Mergers, Divestitures | Downspacing | Drilling Program
Jericho Oil Starts Kansas Phase 2 Vertical Program
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Jericho Oil Corporation has announced that it will commence the first stage of its Phase II development drilling program for its Kansas land package.
Employing two active rigs, the first stage of Jericho's Phase II shallow drilling program calls for 25 vertically producing wells and 25 water injection wells to be drilled, equipped and completed into known producing formations during Q4-2014. In addition, there are approximately 10 to 15 potential work-over well candidates.
Following on the heels of its successful Phase I drilling program, Jericho added 729 acres of contiguous and proximate acreage along a historically prolific oil producing channel (See Press Releases: Land Acquisition 1 & Land Acquisition 2) which the Company is targeting to drill as part of its Phase II development…
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